Lars Linken opened Marigold Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Issued 8,800 shares of common stock for $13,200 cash. 1 Borrowed $5,400 cash by signing a 6-month, 6%, $5,400 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $7,000 cash. 2 Paid $1,200 cash to cover rent from March 1 through May 31. 3 Paid $2,100 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for $1,760 on account. 14 Billed customers $3,260 for cleaning services performed. 18 Paid $440 on amount owed on cleaning supplies. 20 Paid $1,540 cash for employee salaries. 21 Collected $1,410 cash from customers billed on March 14. 28 Billed customers $3,700 for cleaning services performed. 31 Paid $310 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $790 cash dividend. The chart of accounts for Marigold Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation—Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense. Prepare a post-closing trial balance at March 31. MARIGOLD CLEANERS Post-Closing Trial Balance Debit Credit
